I am continuing to re-read the Wyckoff course. In Section 22M it specifically deals with "The Wave Chart."
I would like to know how people incorporate this into their trading.
I understand the basics, that by looking at the waves you can tell the duration of moves and strength of moves relative to other waves. I understand that it is useful for determining the quality of the wave by using; quality = volume/time.
My question is: Does anyone construct these charts and total up the volume and duration of each wave? Or do you look at it in a more general sense which obviously becomes clearer and easier with practice and experience?